CGTN: China-Africa ties at 70: From shared struggles to a common dream of modernization

BEIJING, May 31, 2026 (GLOBE NEWSWIRE) — This year marks the 70th anniversary of China-Africa relations. CGTN has published an article highlighting Africa’s priority role in China’s overall foreign policy, while tracing how the China-Africa partnership has been forged and strengthened over decades. The article also explores how deepening cooperation in recent years has helped enhance the voice and representation of the Global South, and contributed to advancing a more balanced and democratic international order.

As Chinese President Xi Jinping and Egyptian President Abdel-Fattah al-Sisi exchanged congratulatory messages on Saturday to mark the 70th anniversary of China-Egypt ties, the occasion also highlighted a broader milestone: seven decades of China-Africa relations.

Xi noted that over the past 70 years, China-Egypt relations have become a model of amity, solidarity and cooperation among developing countries, as well as a benchmark for cooperation between China and Arab states and between China and Africa.

Today, China-Africa relations have evolved from a friendship forged in shared struggles into a dynamic partnership dedicated to development, modernization and the rise of the Global South.

From solidarity to strategic partnership

The foundations of China-Africa friendship were laid during a period of profound political change.

From the 1950s to the 1970s, China firmly supported African countries in their struggles for national independence and liberation. African nations, in turn, played a decisive role in restoring the lawful seat of the People’s Republic of China at the United Nations in 1971. Of the 76 votes cast in favor of the resolution, 26 came from African countries – laying a strong foundation for China-Africa mutual trust.

Earlier this year, Chinese Foreign Minister Wang Yi visited Africa, continuing a 36-year tradition of making the continent the destination of China’s foreign minister’s first overseas trip each year, highlighting the importance of China-Africa relations.

Over the past two decades, China-Africa cooperation has expanded rapidly. The establishment of the Forum on China-Africa Cooperation (FOCAC) in 2000 provided an institutional framework for cooperation, while China’s Africa policy of sincerity, real results, amity and good faith further guided bilateral relations. In 2015, the two sides elevated their ties to a comprehensive strategic cooperative partnership and launched the “Ten Cooperation Plans,” setting a strong foundation for rapid modernization across the African continent.

At the 2024 FOCAC summit, China and Africa further upgraded their relationship to an all-weather community with a shared future for the new era. China also expanded duty-free access from 33 African countries to all 53 African countries with diplomatic ties by 2025, becoming the first major economy to grant unilateral zero-tariff treatment across all product categories to every African country with which it has diplomatic relations.

Humphrey Moshi, a prominent Tanzanian economist, described China-Africa cooperation as a significant example of Global South solidarity. He said such solidarity helps transform developing countries from “passive participants” into “active shapers” of international rules.

Advancing modernization through practical cooperation

While political trust forms the foundation of China-Africa relations, economic cooperation has become both the stabilizer and growth engine of the partnership.

According to data released by China’s General Administration of Customs, China-Africa trade reached a record $348 billion in 2025, up 17.7% from the previous year, with China remaining Africa’s largest trading partner for the 17th consecutive year. The momentum has continued into 2026. In the first quarter alone, China’s trade with the African countries totaled 646.56 billion yuan ($92.2 billion), a year-on-year increase of 23.7%.

At the same time, the Belt and Road Initiative has reshaped connectivity across the continent by upgrading the railway system with projects such as the Tazara Railway and the Mombasa-Nairobi Standard Gauge Railway, which are flagship projects that set examples for high-quality Belt and Road cooperation between China and Africa.

According to China’s Foreign Ministry, China has signed debt-relief agreements or reached debt-relief understandings with 19 African countries as of 2023, making it the largest contributor to debt-service suspension efforts under the G20 framework.

Meanwhile, China has trained tens of thousands of African professionals through scholarships, vocational training and educational exchange programs. As of June 2025, China has established 17 Luban Workshops across 15 African countries, while the China-Africa university cooperation plan, a higher education initiative pairing Chinese universities with African institutions, has connected 114 higher education institutions.

Paul Frimpong, executive director and senior research fellow of the Africa-China Centre for Policy & Advisory, said China’s contribution to Africa’s development is increasingly visible.

“China’s sharing of knowledge, skills and experience in sectors such as manufacturing and green energy is having a profound impact on Africa’s journey toward modernization and self-reliance,” he added.

https://news.cgtn.com/news/2026-05-30/China-Africa-ties-at-70-Path-to-a-shared-dream-of-modernization-1NzbT7rDWhy/p.html

CGTN Digital [email protected]

GlobeNewswire Distribution ID 9729282

Two Babylonian Kings, an Egyptian Customs Official and a Corsican Hoard Lead TimeLine’s 2 June Antiquities & Ancient Art Auction

Day One is the flagship sale with a dedicated printed catalogue; 3-8 June sessions are online-only; Coins, Weights, Tokens & Medals follow on 9-10 June.

Corsican Bronze Age Hoard from the Ajaccio Area, Discovered c. 1880–1890

A rare Bronze Age Corsican hoard comprising a varied group of bronze objects, including a dagger or short sword, dagger pommel, crescent-shaped axe, harness fitting, several fibulae, and a group of rings. The collection gives a strong impression of Bronze Age metalworking, personal adornment, weaponry, and ritual or practical objects from the Ajaccio area.

HARWICH, United Kingdom, May 29, 2026 (GLOBE NEWSWIRE) — TimeLine Auctions, the British saleroom known for museum-level antiquities, will hold its Antiquities & Ancient Art Auction on 2 June 2026. Day One has headline pieces from Mesopotamia, Egypt, Greece and the western Mediterranean, within a wider sale spanning the Palaeolithic to the medieval period.
Large Egyptian Bronze Figure of Osiris with Lapis Lazuli Inlays

A large bronze mummiform figure of Osiris, shown wearing the central element of the Atef crown, with traces of lapis lazuli inlay still visible in the eyebrows and divine beard. The god is depicted in traditional form, with crossed arms holding the crook and flail, and fine details including a uraeus to the crown and recesses for further inlays. Mounted on a wooden base and supplied with a custom-fitted case, it is an impressive and highly decorative representation of Osiris.

Two named Mesopotamian kings sit at the top of the catalogue. A hemispherical bronze bowl carries the five-sign cuneiform name of Manishtushu of Akkad (c. 2270–2255 B.C., lot 249), one of the earliest named royal inscriptions to come to market in recent years. From the Kassite period come an agate eye-bead bearing the name of Kurigalzu II (lot 250), and a banded agate cylinder seal with a Sumerian prayer to the storm god Adad (lot 216).

The Egyptian section is headed by a forty-centimetre basalt figure of the Saite customs official Wahibre, kneeling to support a wide offering basin. Separated in the nineteenth century, the two parts moved through different collections and salerooms before coming together here for the first time at auction (lot 61). Other Egyptian highlights include a seventy-centimetre hollow-cast bronze Osiris of the 26th Dynasty (lot 81), and a painted wooden stele linking Amun at Luxor to Osiris at Abydos (lot 65).

Two Attic vessels lead the Greek section. A 6th-century B.C. black-figure pyxis shows the chariot procession of an Athenian bride, with the reception at her new house around the lid (lot 96). A fifth-century red-figure column krater pairs Europa with a Dionysiac triad, two scenes of divine power on one vessel (lot 88).

From the western Mediterranean come the Gravona bronzes, ten objects recovered from a railway cutting in Corsica in the 1880s and published by Robert Forrer in 1924.

Following Day One, the auction continues online-only from 3 June, with ancient art across multiple collecting categories. The programme concludes with an Ancient Coins sale on 9-10 June, alongside weights, tokens, medals and books.

Auction start time: 8am US Eastern / 1pm BST.

Bidding: Absentee, by telephone, or live online via TimeLine’s bidding platform, LiveAuctioneers, Invaluable or The Saleroom.

Payments: GBP accepted. Worldwide shipping available.

Questions: +44 (0) 1277 815121 or [email protected].
Online: https://timelineauctions.com

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Framery announces new Gradus™ product line designed for the U.S. and Canadian markets

Framery Gradus line
Framery Gradus famiily landscape

Framery today unveils Gradus, a new line of smart office pods purpose-built for the U.S. and Canada

TAMPERE, Finland, May 27, 2026 (GLOBE NEWSWIRE) — Framery today unveils Gradus, a new line of smart office pods purpose-built for the U.S. and Canada. The line will officially launch at NeoCon on June 8th. Featuring three new models, the Gradus line will be sold in the U.S. and Canada and assembled in the USA.

Positioned as the definitive market-fit for the region, the Gradus line is set to capture growing demand as office utilization rates climb. Gradus offers clients an integrated, “built-in” design language, prioritizing architectural harmony and expanding choice alongside Framery’s aesthetically bold signature line.

“Gradus is purpose-built to meet the high volume and unique demands of the American and Canadian workplace,” says Samu Hällfors, CEO of Framery.

Products in the Gradus™ line will be assembled at Framery’s new factory in the United States. The new manufacturing facility is a key part of the company’s growth strategy and its goal to meet regional demand locally.

The Gradus line is defined by a “plug-and-play” interior designed for instant user integration. The portfolio consists of three new models designed to maximize interior volume within a minimal footprint:

  • Gradus Focus™: A smart, soundproof phone booth for one person, designed for calls and focus work.
  • Gradus Work™: A smart and soundproof workstation for one person, featuring a full-size adjustable desk and a spacious interior designed for uninterrupted flow.
  • Gradus Huddle™: A smart and soundproof meeting pod for 1–4 people, optimally sized for spontaneous collaboration and confidential discussions.

The pods feature a modular build with replaceable components, allowing units to be repaired, refurbished, and updated over time. This design also features a snap-on system for exterior wall panels, including wood veneers, fabrics, or custom acoustic panels, allowing the pods to either blend into the surrounding architecture or stand out as a focal point.

“Designers and customers in the U.S. and Canada want spaces that feel like their own, and this flexibility makes Gradus a perfect fit for any office,” says Hällfors.

Gradus offers a lower cost per square foot than fixed construction and meets local standards like IBC, IFC, and UL 962 for seamless regional adoption. The line also includes third-party verified EPDs to support corporate carbon accounting.

The product line features automated ventilation, automated lighting, and Class A soundproofing. Equipped with occupancy sensors, Gradus collects anonymized usage data. This allows the pods to integrate with Framery’s smart office solutions to optimize floor plans and help organizations eliminate the real estate waste of underutilized space.

“Gradus combines data-driven workspace optimization with a smooth user experience. It is a strategic tool for right-sizing office space needs,” says Hällfors.

The Tampere factory remains the hub for specialized expertise, providing the smart technology and sub-assemblies for the new line, and its existing products will remain in the U.S. and Canadian offering.

FRAMERY IN BRIEF

Framery enables people to focus on what truly matters and to get things done. With its soundproof smart pods and smart office solution, Framery turns ordinary offices into places people love. This is why Framery is an essential part of a successful workday for millions of workers in over a hundred countries and within many of the world’s leading companies.

For further information and interview requests please contact: [email protected][email protected]

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f6747901-e812-41d4-a5b7-64ae55eaf953

GlobeNewswire Distribution ID 9727482

Elevate Your Strategy: Global Trading Competition Launch with Major Cash Prizes

EBC Financial Group initiates dual-track events across Asia and Africa, offering both risk-free simulated environments and high-stakes market showdowns to empower traders of all experience levels

LONDON, May 26, 2026 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), the World’s Best Broker according to World Finance, has launched two multimarket trading competitions designed to support trader engagement and broaden participation across emerging trading communities in Asia and Africa. The promotion is provided by EBC Financial Group (SVG) LLC under the EBC Financial Group brand and includes two distinct events: the EBC Trading Masters Competition and the EBC Elite Demo Trading Competition.

Structured to accommodate participants across varying levels of trading experience, the dual-track initiatives reflect EBC’s continued commitment to fostering a trader-first ecosystem grounded in transparency, accessibility, and continuous learning.

Through both competitions, participants will have the opportunity to benchmark their trading strategies within structured environments where rankings are determined by return rate rather than account size, reinforcing a performance-based framework where discipline and strategy remain central to competitive outcomes.

EBC Trading Masters Competition: Recognising Performance in Live Market Conditions

Targeted at experienced participants, the EBC Trading Masters Competition introduces a live trading environment where traders compete using real funds across Mongolia, Taiwan, and Thailand from 11 May to 5 June 2026.

The competition is open to PRO and STD account holders, with minimum equity requirements beginning from USD100 in Mongolia and USD200 in Taiwan and Thailand.

The competition will be conducted through eligible PRO and STD trading accounts, providing participants with direct exposure to live market conditions within a professionally structured environment. To encourage transparency and shared learning across the trading community, all participants will be required to publish trading signals throughout the competition period.

Across Taiwan and Thailand, prize pools will reach up to USD7,000 per session, with top-performing participants eligible to receive prizes of up to USD3,000. Rankings will be determined by return rate performance, reinforcing a competition structure where trading discipline and strategy take precedence over account balance size.

Participants may register multiple eligible accounts, with awards determined by their best-performing account, while structured risk controls and monitoring mechanisms are implemented throughout the competition period to maintain fairness and accountability.

EBC Elite Demo Trading Competition: Accessible Participation in a Risk-Free Environment

Designed for new and developing traders, the EBC Elite Demo Trading Competition offers participants the opportunity to engage with live market conditions through simulated accounts without real capital exposure.

The competition will run from 11 May to 22 May 2026 across Vietnam, Indonesia, Africa, and South Korea, with participants competing using newly created demo accounts funded with a simulated fixed starting equity of USD10,000.

Competition participants will begin with equal simulated starting capital of USD10,000, creating a level playing field where rankings are determined by return rate performance rather than account size. Across the regional sessions, participants will compete for prize pools of up to USD1,700, including a top prize of USD1,000 in the South Korea session. The competition framework is further supported by structured participation guidelines designed to uphold transparency, fairness, and disciplined trading engagement throughout the campaign period.

By creating a controlled environment focused on strategy development and performance benchmarking, the initiative aims to encourage informed market participation while helping traders build confidence and trading discipline.

“At EBC, we believe trader development is built on transparency, discipline, and access to structured opportunities that encourage continuous growth,” said Lewis Tang, Brand Director at EBC Financial Group. “These competitions are designed not only to recognise trading performance, but also to foster greater engagement, knowledge sharing, and responsible participation across diverse trading communities.”

Both competitions incorporate standardised ranking methodologies and operational safeguards, including return-rate-based evaluations and volume-based tiebreaker mechanisms, ensuring outcomes are determined by measurable trading performance.

The launch of the initiatives further reflects EBC’s ongoing efforts to strengthen trader engagement across key international markets while supporting broader participation within the evolving global trading landscape.

For more information regarding eligibility requirements, competition rules, and registration details, please visit EBC Financial Group website at www.ebc.com.

Risk Disclaimer
Trading foreign exchange (FX) and contracts for differences (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits. Past performance does not guarantee future results. Please consider your investment objectives and risk tolerance carefully before trading.

About EBC Financial Group

Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.

Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.

EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).

At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.

EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.

https://www.ebc.com/

Media Contact: 
Aldric Tinker Toyad
Global PR Lead
[email protected]

Faiz Alavi Sulaiman
Senior PR Executive
[email protected]

GlobeNewswire Distribution ID 9726311

68th GBM in India Strategizes APO Vision 2030 Implementation for Productivity Transformation and Enhanced Regional Cooperation

APO Directors and Delegates with Guest of Honor H.E. Piyush Goyal (seated, 8th R), Indian Minister of Commerce and Industry, during the 68th Session of the APO Governing Body in New Delhi, India.

PLACEHOLDER

APO Directors and Delegates with Guest of Honor H.E. Piyush Goyal (seated, 8th R), Indian Minister of Commerce and Industry, during the 68th Session of the APO Governing Body in New Delhi, India.

NEW DELHI, May 26, 2026 (GLOBE NEWSWIRE) — The Asian Productivity Organization (APO) convened the 68th Session of the APO Governing Body (GBM), 20–22 May 2026 in New Delhi, hosted by the Government of India. Held during the APO’s 65th anniversary year, the session marked an important historical milestone in advancing APO Vision 2030 and the Strategic Partnership Program (SPP) as the organization’s new member-driven, result-oriented implementation framework.

The 68th GBM was attended by 63 Delegates from 19 APO member economies. Eight observers from Bhutan, Kazakhstan, and Uzbekistan, the Global Green Growth Institute, International Labour Organization, and United Nations Industrial Development Organization also attended, reflecting the APO’s growing engagement with nonmembers and international organizations.

The meeting marked the transition of the APO Chairmanship from India to Indonesia, with Acting APO Director for Indonesia Prof. Anwar Sanusi assuming the role of APO Chair for 2026–27. I.R. Iran and Japan assumed the First and Second Vice Chairships, respectively. Acting APO Director for I.R. Iran Dr. Mostafa Goharifar and Acting APO Director for Japan Fumio Yamazaki performed the respective Vice Chair functions on behalf of their APO Directors.

The Inaugural Session was graced by Guest of Honor H.E. Piyush Goyal, Minister of Commerce and Industry of India, who highlighted productivity as a strategic driver of resilience, innovation, sustainability, and inclusive growth amid rapid global economic and technological changes. He shared India’s experiences in productivity-led development, including reforms in manufacturing, logistics, digital public infrastructure, MSME support, and Green Productivity.

Outgoing APO Chair 2025–26 and APO Director for India Amardeep Singh Bhatia highlighted the operational transition of APO Vision 2030 toward the SPP framework and the importance of institutional modernization, governance, and outcome-based regional cooperation. Director General of the National Productivity Council of India Neerja Sekhar underscored the role of productivity institutions in supporting transformation, resilience, digital technologies, Green Productivity, and measurable impact. Incoming APO Chair for 2026–27 Prof. Anwar Sanusi reaffirmed the APO’s shared commitment to strengthening productivity, innovation, sustainability, and regional cooperation across Asia and the Pacific.

The 68th GBM featured in-depth deliberations on key organizational governance aspects related to the annual and financial reports and appointment of auditors; recommendations from the APO Vision 2030 Steering Committee; APO preliminary budget for the 2027–28 biennium; Secretariat’s performance, management, and compliance; possible transition from IFRS to IPSAS; APO Secretary-General election procedures; nonmember country participation; and APO Awards Program. The meeting also featured a presentation on the APO’s new flagship Genuine AI Action (GAIA) initiative promoting AI and its applications for productivity improvement in member economies.

The 68th GBM concluded with a renewed commitment to implementing APO Vision 2030 and strengthening the APO’s role as a trusted platform for productivity-led, inclusive, sustainable, resilient development. APO Alternate Director for Lao PDR Vilakone Philomlack, in delivering the Vote of Thanks on behalf of delegates, stated that Lao PDR looked forward to welcoming Delegates to the 69th GBM in 2027.

About the APO

The APO is a regional intergovernmental organization dedicated to improving productivity in the Asia-Pacific region through mutual cooperation. Established in 1961, the APO supports its member economies through policy advisory services, capacity building, and knowledge sharing to promote sustainable socioeconomic development.

Contact: [email protected]
Website: https://www.apo-tokyo.org

A photo accompanying this announcement is available at:
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GlobeNewswire Distribution ID 9726313

ICHAM Launches US Equity Option Premium Income Fund

SINGAPORE, May 25, 2026 (GLOBE NEWSWIRE) — ICHAM Pte. Ltd. (ICHAM), a leading regional multi-family office and alternative asset manager, has launched a new open-ended Singapore Variable Capital Company (VCC) fund that invests into selected sectors of US equities and incorporates option-based strategies with the objective of periodic income generation potential and total return for investors. The fund is available exclusively to accredited and institutional investors.

With US equity valuations near historic highs and interest rates volatile, the fund may be relevant for accredited and institutional investors in the context of income-oriented strategies in the current market environment.

“We are excited to introduce this investment strategy which combines a value-oriented approach with an income-focused overlay within US equities to enhance income generation potential and total return,” said Archan Chamapun, CEO of ICHAM. “The fund is designed to offer a sector rotation approach to US large-cap equities beyond traditional market cap weights.”

Felix Chew, lead Portfolio Manager of the fund said: “The fund incorporates an investment approach designed to balance participation in equity markets while targeting periodic income distribution objectives, across different market conditions.”

The fund adopts an institutional approach with a rules-based investment framework that is backed by academic research. The fund strategy focuses on risk management within a systematic investment framework for investors in the long term.

About ICHAM

ICHAM is a leading regional multi-family office and alternatives asset manager, recognized for its expertise in alternative asset classes and structured products. Since 2019, it has been serving accredited and institutional investors with tailored investment solutions. ICHAM holds a Capital Markets Services Licence for Fund Management and is an Exempt Financial Adviser, regulated by the Monetary Authority of Singapore.

The firm’s investment philosophy focuses on providing institutional-grade investment solutions with transparent fee structures and disciplined risk management. ICHAM’s team combines decades of experience in Asian financial markets with expertise in structured products, alternative investments, and portfolio management.

Important Notice

This press release is issued for information purposes only. It does not constitute and should not be construed as, an offer to sell, invitation, solicitation or recommendation to purchase or subscribe for any investment or service. The fund is available only to “Accredited Investors” or “Institutional Investors” as defined under the Singapore Securities and Futures Act 2001.

Investments involve risks, including the possible loss of principal. Any views expressed are for information only and should not be relied upon as investment advice. Investors should note that investment returns are not guaranteed and may fluctuate. No representation or warranty is made as to the accuracy or completeness of the information contained in this document. Past performance is not necessarily indicative of future results.

The Monetary Authority of Singapore has not reviewed this document.

Contact: ICHAM Pte Ltd
Email: [email protected] | Phone: +65 6911 5220
Website: https://icham.sg/

GlobeNewswire Distribution ID 9725732